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Section 10: Copies of chit agreement to be given to subscribers.

The Chit Funds Act, 1982Central Act · Act 40 of 1982

(1) A foreman shall, as soon as may be after he has obtained the certificate of commencement under sub-section (2) of section 9, but not later than the date of the first draw of the chit, furnish to every subscriber, a copy of the chit agreement certified to be a true copy.

(2) A foreman shall, within fifteen days after the close of the month in which the draw for the first instalment of the chit is held, file with the Registrar, a certificate to the effect that the provisions of sub-section (1) have been complied with.

Where this provision sits

ActThe Chit Funds Act, 1982
Section10
Marginal noteCopies of chit agreement to be given to subscribers.
JurisdictionCentral
StatusIn force as published by the source

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